Bitcoin sees most long liquidations of 2023 as BTC price tags $22.5K

Bitcoin sees most long liquidations of 2023 as BTC price tags $22.5K

Bitcoin (BTC) swapped bullish gains for chop into Jan. 31 as the end of the month saw nervous price action.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

$46 million of longs liquidated

Data from Cointelegraph Markets Pro and TradingView tracked a less confident BTC/USD as it briefly wicked to just above $22,500 on Bitstamp overnight.

A rebound saw the pair flip $23,000 to short-term resistance, and was still trading below that level at the time of writing.

The stakes remained high…


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